Key Highlights:

• Bitmine owns 4.8% of the total ETH coin supply of 120.7 million
• Bitmine is 96% of the way to the 'Alchemy of 5%' in just 14 months
• In July, ETH outperformed the Nasdaq 100 by 2,500 basis points, the largest margin since July 2025, reflective of strengthening crypto fundamentals
• Bitmine repurchased 3.0 million common shares in the past week and has repurchased over 19 million shares cumulatively since July 2026 under its previously announced $4 billion share repurchase program
• Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026
• Bitmine's Series A Preferred Stock is trading on the NYSE under the symbol BMNP
• Bitmine has 5,067,309 staked ETH, representing $9.8 billion at $1,928 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors
• Bitmine owns $69 million of Eightco (NASDAQ: ORBS), now one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI
• Bitmine Crypto + Total Cash Holdings & Marketable Securities + "Moonshots" total $11.6 billion, including 5.81 million ETH tokens, total cash & marketable securities of $104 million, and other crypto holdings
• Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH

---

NORWALK, Conn., Aug. 10, 2026 /PRNewswire/ – (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company"), a Bitcoin and Ethereum Network company focused on the accumulation of crypto for long-term investment, today announced total holdings of crypto, cash & marketable securities, and "moonshot" investments amounting to $11.6 billion.

Bitmine is part of a broader category of publicly listed Digital Asset Treasury (DAT) companies — firms that hold cryptocurrencies as primary reserve assets on their balance sheets, analogous to how Strategy Inc. (formerly MicroStrategy) has accumulated Bitcoin since 2020. Bitmine's differentiation lies in its concentration on Ethereum rather than Bitcoin, making it the largest ETH-focused DAT by holdings.

As of August 9, 2026 at 6:30 p.m. ET, the Company's crypto holdings consisted of 5,805,238 ETH valued at $1,928 per ETH (per Coinbase), 209 Bitcoin (BTC), a $180 million stake in Beast Industries, a $69 million stake in Eightco Holdings (NASDAQ: ORBS) (classified as "moonshots"), and total cash & marketable securities of $104 million. Bitmine's ETH holdings represent 4.8% of the total ETH supply of 120.7 million ETH.

Chairman Thomas "Tom" Lee on Macro Environment and ETH Performance

"We are disappointed that the CLARITY Act will not see a Senate vote before the August recess, but financial markets seem more focused on the recent softer inflation and jobs data. The odds of a September rate hike by the Federal Reserve have fallen to 40% from 75% two weeks ago," stated Thomas "Tom" Lee, Chairman of Bitmine. "We expect easing financial conditions to be a tailwind for crypto."

Lee, who co-founded Fundstrat Global Advisors before joining Bitmine as Chairman, has been a longstanding Wall Street strategist known for his equity market commentary and, in recent years, his bullish crypto outlook. Lee noted a historical pattern linking ETH outperformance to subsequent Bitmine share strength: "Since Bitmine pivoted to an Ethereum Treasury strategy on June 30 of last year, sizable outperformance of ETH vs. Bitcoin (monthly) has typically been followed by Bitmine's shares outperforming ETH over the following month. In July, ETH outperformed Bitcoin by 1,100 basis points — similar to July 2025, December 2025, and March 2026 — and in those instances, Bitmine's shares saw strong outperformance over ETH in the following two months."

Share Repurchase Program

"We continue to view Bitmine's common shares as undervalued, and the Company repurchased 3 million shares during the past week, bringing total common equity repurchases to over 19 million common shares since the start of July," continued Lee. "This buyback remains the largest ever executed by any Ethereum, Bitcoin, or crypto DAT (Digital Asset Treasury)."

Since July 1, 2026, Bitmine has repurchased 19.1 million shares of common stock under its previously authorized $4 billion share repurchase program.

Lee also noted continued ETH acquisition: "Over the past week, we acquired 7,391 ETH. Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025 — about 14 months ago."

Chairman's Message and MAVAN Staking Platform

On July 16, 2026, Bitmine released its latest Chairman's Message for July 2026, titled "ETH is the cure for the Uncanny Valley of Wealth."

Earlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator Network), an institutional-grade staking platform. Ethereum staking — the process of locking ETH to secure the network and earn rewards — became central to the blockchain's operation following Ethereum's transition from proof-of-work to proof-of-stake, completed in September 2022. While MAVAN was originally developed to support Bitmine's own Ethereum treasury, the platform intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine's ETH is already staked on the MAVAN platform.

As of August 9, 2026, Bitmine's total staked ETH stood at 5,067,309 ($9.8 billion at $1,928 per ETH).

"Bitmine has staked more ETH than any other entity in the world. At scale — when Bitmine's ETH is fully staked by MAVAN and its staking partners — the projected ETH staking reward is $294 million on an annualized basis, using the 2.63% 7-day BMNR yield," stated Lee.

"Annualized staking revenues are now projected at $257 million. This 5.1 million ETH represents 87% of the 5.81 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.63% (annualized)," continued Lee.

Global Treasury Ranking and Regulatory Outlook

Bitmine's crypto holdings rank as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc., which reportedly owns 842,138 BTC valued at approximately $59 billion. The ranking underscores the emergence of publicly traded corporate crypto treasuries as a distinct asset category, with investors increasingly evaluating these companies as proxies for digital asset exposure alongside traditional equity metrics.

Bitmine management believes the GENIUS Act and the Securities and Exchange Commission's (SEC) Project Crypto are as transformational to financial services in 2026 as the U.S. action on August 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard 54 years ago. That 1971 event catalyzed the modernization of Wall Street, creating the iconic Wall Street titans and the financial and payment rails of today, which proved to be better investments than gold. The CLARITY Act, which would establish a revised framework for classification and oversight of digital assets, remains pending in the Senate.

About Bitmine

Bitmine Immersion Technologies, Inc. (NYSE: BMNR) and its subsidiaries operate as a blockchain technology infrastructure company across institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. As the world's leading Ethereum Treasury company, it implements a digital asset strategy for institutional investors and public market participants. The Company provides institutional-grade staking and validation infrastructure — through which it earns staking rewards and validation income — alongside bitcoin mining activities. Bitmine holds digital assets strategically, generating yield to support liquidity and capital formation. During 2025, the Company expanded its blockchain infrastructure capabilities, including developing and deploying MAVAN. The Company's activities also include investments in early-stage blockchain opportunities ("moonshot" investments) and ancillary mining, hosting, and consulting services.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include all statements that are not purely historical and can generally be identified by terms such as "expects," "projects," "intends," "plans," "believes," "anticipates," "estimates," "forecasts," "targets," "goals," "may," "will," "would," "could," "should," or similar expressions, or the negative of such terms.

This press release specifically contains forward-looking statements regarding: (i) the Company's goal of acquiring 5% of the total ETH supply (the "Alchemy of 5%" initiative) and progress toward this goal; (ii) the Company's digital asset accumulation and treasury strategy, including continued weekly ETH acquisitions and status as the largest ETH treasury in the world; (iii) staking operations, including projected annualized ETH staking rewards of approximately $294 million (assuming full staking by MAVAN and partners at scale), current projected annualized staking revenues of approximately $257 million, and the 7-day yield of 2.63% (annualized); (iv) MAVAN's intended expansion; (v) the $4 billion share repurchase program; (vi) management's views regarding valuation of common shares and expectations of future stock price performance relative to ETH; (vii) expectations regarding the relationship between ETH performance versus Bitcoin or the Nasdaq 100 and subsequent Company share performance; (viii) the impact of macroeconomic factors on digital asset markets; (ix) management's belief that the GENIUS Act and SEC Project Crypto are transformational to financial services; (x) statements regarding the investment in Eightco Holdings (NASDAQ: ORBS) as providing indirect exposure to OpenAI; and (xi) the future growth and strategic direction of the Company's Ethereum treasury strategy and blockchain infrastructure.

These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially. Factors include, but are not limited to: extreme volatility of digital asset prices; changes in market conditions affecting the trading price of the Company's common stock and Series A Preferred Stock; the Company's ability to execute its digital asset acquisition strategy and achieve ETH accumulation targets; the ability to finance business operations, Ethereum treasury operations, MAVAN expansion, and share repurchase activities; operational, security, and technological risks including network failures and cybersecurity breaches; competition in the digital asset treasury, staking, and mining industries; dependence on key personnel; regulatory developments including enactment and interpretation of the GENIUS Act, CLARITY Act, and other legislation; actions by the SEC, CFTC, and other regulatory bodies; risks related to moonshot investments including Eightco Holdings; macroeconomic factors including inflation, interest rates, and Federal Reserve monetary policy; changes to the Ethereum protocol; risks related to AI systems; performance of third-party service providers; concentration of assets in digital currencies; and other risk factors described in the Company's SEC filings.

Forward-looking statements are based on information available to management as of the date of this release. Actual results may vary materially. Copies of the Company's SEC filings, including the Annual Report on Form 10-K for fiscal year ended September 30, 2025 (filed November 21, 2025), Quarterly Reports on Form 10-Q, and other filings, are available at www.sec.gov and Forward-looking statements speak only as of the date made. Bitmine expressly disclaims any obligation to update, revise, or supplement forward-looking statements except as required by applicable law or regulation.

For additional details, follow on X: https://x.com/bitmnr and https://x.com/fundstrat.